This Month’s Poll

Do you agree with the government’s plan to introduce the new  Canada Groceries Essentials Benefit (CGEB)?

Tax complexity aside, there has rarely been a more promising career opportunity in the tax preparation industry than today, especially for younger people who are jazzed by the potential of AI and digital transactions with the tax department. Based on the latest Departmental Plan released by CRA on June 17, 2025, key initiatives include the prioritization of AI and a continued digital transformation. So if you love technology, chances are good that you might also love a career in taxation. Knowledge Bureau can help. Here’s what you need to know:

We have an incredible opportunity planned for those of you who love tax, tax planning and the role of the tax and financial advisor in diversifying away upcoming tax erosion: a tax planning powerhouse featuring Canada’s most respected tax authorities, profiled here in alphabetical order with their topics to this year’s theme at the Acuity Conference for Distinguished Advisors (DAC): Happy Landings! Discover a New Era of Risk & Reward. Mark your calendar: November 23-26 in Puerto Vallarta, Mexico.

If you're a financial, tax, or accounting professional looking to deepen client relationships, expand your role, and provide more meaningful, strategic value, the Real Wealth Manager™ designation offers a compelling path forward. Who is the RWM and What is their key value proposition for clients? Read on!

Things have started to turn around for the Canadian dollar in the second quarter of 2025. It hit a 22 year low in January of 2025. Investors and property owners, who have been swooning at the high burn rate in their travel plans and property maintenance abroad, may wish to consider recent more positive trends and consider some risk mitigation opportunities now that the dollar is stabilizing somewhat.  

The days of financial planners touting Freedom 55 are decades behind us and we are at a point in our history when Financial Freedom in your 70s is more realistic. The retirement age in many countries, including the U.S. has been gradually rising to 67 and by 2040, it will be as high as 70 in Denmark.  Should Canada follow suit?

Prime Minister Mark Carney has borrowed heavily from U.K. Prime Minister Keir Starmer’s playbook in his fiscal framework. He plans to split Canada’s fiscal books into two categories: capital or public “investment” and day to day operations. Carney and Starmer may understand the mechanics of this strategy but there is confusion in financial circles, including in the Parliamentary Budget Office.  In advance of a federal budget this fall, understanding this change is important, especially for tax and financial advisors.